04736, Caribou, ME

The 4736 zip code of Caribou, ME is located in the eastern part of the state and has a population of about 2,000. The median household income in this zip code is $50,000 and the median home value is $165,000. The percentage of homes that are owner-occupied is about 68%, which is lower than the statewide average of about 73%. The percentage of homes that are renter-occupied is about 32%, which is higher than the statewide average of about 27%.

There has been a gradual increase in home values over the past few years in this zip code. In January 2016, there was a 1% increase in home values compared to January 2015. Over the past year, there was an 8% increase in home values. This trend seems to be continuing as there was a 3% increase in home values from July 2017 to July 2018. It's important to note that these increases may not be reflected across all neighborhoods within this zip code as some neighborhoods have seen smaller increases while others have seen larger increases.

One factor that could be contributing to these increasing home values are low interest rates. As of September 2018, interest rates were at historic lows and could continue to stay low for some time. This could make it more affordable for people to buy homes and could lead to increased demand for homes within this zip code. Additionally, many people are choosing to buy homes now rather than wait until prices become more affordable later on down the road.